According to @BullTheoryio, Chicago's Metropolitan Capital Bank & Trust was closed by Illinois regulators for unsafe conditions and weak capital, marking the first U.S. bank failure of 2026, with reported assets of $261 million, deposits of $212 million, and an estimated $19.7 million hit to the FDIC insurance fund (source: @BullTheoryio).

According to H.E. Justin Sun, First Digital Trust (FDT) is reported to have a negative net asset value, indicating that its total liabilities exceed total assets, effectively rendering it financially insolvent. This situation raises concerns about FDT's ability to meet the stringent capital adequacy requirements mandated by international banking regulations, which are essential to avoid revocation of banking licenses.

According to H.E. Justin Sun, First Digital Trust (FDT) is currently experiencing negative equity, indicating its total liabilities surpass its aggregate assets, which is a sign of financial insolvency. This situation raises concerns about FDT's compliance with international banking regulations that enforce strict capital adequacy standards for financial institutions. Traders should be cautious as such financial instability could impact FDT's operational capabilities and market trustworthiness.